Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Total net revenue $ 236,239 $ 253,898
Operating expenses:    
Unallocated corporate expenses, exclusive of depreciation and amortization shown below (including $135 and $207 for the years ended December 31, 2019 and 2020, respectively, paid to related parties) 16,194 15,940
Depreciation 10,777 11,297
Amortization 3,281 4,637
Change in the estimated fair value of contingent earn-out consideration (12) (41)
Impairment of indefinite-lived long-term assets other than goodwill 17,254 2,925
Impairment of goodwill 307 2,427
Net (gain) loss on the disposition of assets 1,575 22,326
Total operating expenses 243,993 262,099
Operating loss (7,754) (8,201)
Other income (expense):    
Interest income 1 2
Interest expense (16,075) (17,496)
Gain on early retirement of long-term debt 49 1,670
Net miscellaneous income and (expenses) (9) 163
Net loss from operations before income taxes (23,788) (23,862)
Provision for income taxes 30,274 3,977
Net loss $ (54,062) $ (27,839)
Basic loss per share data:    
Basic loss per share Class A and Class B common stock $ (2.03) $ (1.05)
Diluted loss per share data:    
Diluted loss per share Class A and Class B common stock $ (2.03) $ (1.05)
Basic weighted average Class A and Class B shares outstanding 26,683,363 26,502,934
Diluted weighted average Class A and Class B shares outstanding 26,683,363 26,502,934
Broadcast [Member]    
Total net revenue $ 178,127 $ 193,339
Operating expenses:    
Total operating expenses 140,942 149,439
Digital Media [Member]    
Total net revenue 39,593 39,165
Operating expenses:    
Total operating expenses 31,725 30,801
Publishing [Member]    
Total net revenue 18,519 21,394
Operating expenses:    
Total operating expenses $ 21,950 $ 22,348